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$2.7 million Contract Awards

In brief · summary, not quotable

Synectics awarded $2.7 million in contracts to deploy Synergy software at gaming resorts in Philippines and US.

  • Contract value US$2.7 million
  • Number of contracts 4
  • New Synergy installations at PENN Entertainment 2
  • Total Synergy installations at PENN Entertainment properties 25
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Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, is pleased to announce that it has been awarded four separate contracts from customers in the gaming sector totalling US$2.7 million (together, the "Contracts").

The Company will deploy its flagship Synergy software platform into two leading gaming resorts in the Philippines, having signed contracts with two new customers. Synergy was selected for its comprehensive suite of features and tailorable solution, specifically designed for control rooms that require the highest level of surveillance and security.

In addition, Synectics has further strengthened its long-standing partnership with PENN Entertainment, Inc. (NASDAQ: PENN) by securing a further two new contracts to deploy Synergy software at two additional casinos in PENN Entertainment's portfolio. This expansion brings the total number of Synergy installations at PENN Entertainment properties to 25.

The Contracts are expected to be delivered in the Company's current financial year ending 30 November 2025.

Amanda Larnder, Chief Executive Officer and Chief Financial Officer, commented:

"Today's announcement demonstrates our positive momentum in the gaming market, and the continued demand for our innovative, market-leading surveillance and security technology. We are delighted to be collaborating with two new customers in the Philippines, further expanding our footprint in the region.

"Additionally, our continued partnership with PENN Entertainment demonstrates the enduring value and adaptability of Synergy in supporting PENN's complex security and surveillance needs across its portfolio."

Find out more at www.synecticsplc.com

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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